Omidyar Network

RevFin is a digital lending fintech company based in Delhi, India, founded in 2018 by Sameer Aggarwal. The company specializes in providing convenient and accessible loans through its innovative platform, which features a revolving credit limit that users can utilize and repay at their convenience. In addition to flexible borrowing, RevFin offers a rewards program that allows customers to earn points for timely repayments, referring friends, or simply logging into the application. This user-friendly approach enables individuals to access loans anytime and anywhere, facilitating the funding of over 12,000 electric vehicles while maintaining non-performing assets (NPAs) of less than 2%.

Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

Neon is a Brazilian fintech established in 2016, founded by Pedro Conrade in response to the high fees charged by traditional banks. The company pioneered the first digital account in Brazil, focusing on providing a comprehensive range of financial services without abusive fees. Neon's offerings include debit and credit cards, personal loans, payroll loans, and investment options, such as CDBs and CDs, all designed with Brazilian workers in mind. Additionally, through its MEI Fácil initiative, Neon supports individual micro-entrepreneurs by providing financial services and education. The company has experienced significant growth, boasting over 15 million customers and a workforce of more than 1,600 employees. In 2021, Neon tripled its revenue and continues to anticipate strong growth. Neon For Life, an AI-driven buy now, pay later platform, further illustrates the company's commitment to enhancing financial flexibility for modern consumers by simplifying the management of essential expenses. Overall, Neon is redefining banking in Brazil by integrating technology to offer an accessible and user-friendly financial experience.

MyShubhLife is a comprehensive financial services provider focused on serving the unbanked and underserved populations, often referred to as the Next Half Billion. The company leverages real-time analytics and alternative data to generate credit reports, facilitating meaningful financial inclusion. Its offerings include a variety of financial products such as personal loans, microloans, insurance, mutual fund systematic investment plans, and tax filing services. Additionally, MyShubhLife promotes financial wellness through dedicated programs for both corporates and individuals. By employing an innovative credit scoring methodology, the platform assesses the creditworthiness of customers, thereby enabling access to affordable loan options.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

Bonfleet Solutions Pvt. Ltd, based in Pune, India, is a FinTech company that specializes in providing credit solutions to self-employed individuals and gig-economy workers, such as taxi drivers, delivery agents, electricians, and beauticians. Founded in 2016, the company aims to bridge the financial services gap for those who typically lack access to traditional lending options. Bon facilitates lending by partnering with financial institutions and non-banking financial companies (NBFCs), enabling users to submit necessary documentation either through a mobile application or at retail outlets. Once approved, users receive a credit card with a pre-approved limit, allowing them to view their credit status, track transactions, and make payments. Bonfleet Solutions operates retail outlets in major cities including Bengaluru, Gurugram, Noida, Kochi, and Kolkata, and is driven by a team dedicated to expanding financial access for underserved workers throughout India.

Cignifi Inc. is a company that specializes in credit and marketing analytics, primarily serving mobile network operators. Established in 2010 and headquartered in Boston, Massachusetts, with an additional office in Sao Paulo, Brazil, Cignifi has created a platform that generates credit risk and marketing scores using mobile phone data. This innovative approach addresses the needs of approximately 2.7 billion individuals globally who possess mobile phones but lack access to traditional financial services. The company's offerings extend beyond analytics, encompassing products such as airtime credit, handset financing, and online lending, aimed at empowering underserved consumers and enhancing their access to essential financial products. Cignifi's platform leverages proprietary behavioral modeling and analytics tools to facilitate the onboarding of new customers for banks, insurers, and retailers while effectively managing fraud and credit risk.

Neon is a Brazilian fintech established in 2016, founded by Pedro Conrade in response to the high fees charged by traditional banks. The company pioneered the first digital account in Brazil, focusing on providing a comprehensive range of financial services without abusive fees. Neon's offerings include debit and credit cards, personal loans, payroll loans, and investment options, such as CDBs and CDs, all designed with Brazilian workers in mind. Additionally, through its MEI Fácil initiative, Neon supports individual micro-entrepreneurs by providing financial services and education. The company has experienced significant growth, boasting over 15 million customers and a workforce of more than 1,600 employees. In 2021, Neon tripled its revenue and continues to anticipate strong growth. Neon For Life, an AI-driven buy now, pay later platform, further illustrates the company's commitment to enhancing financial flexibility for modern consumers by simplifying the management of essential expenses. Overall, Neon is redefining banking in Brazil by integrating technology to offer an accessible and user-friendly financial experience.

Varthana is a financial services company focused on enhancing private education in India by providing tailored financial solutions to low-cost private schools. It partners with education entrepreneurs dedicated to improving access to high-quality education in low-income communities. Varthana offers both secured and unsecured loans designed for various projects, including infrastructure renovations, library and playground additions, laboratory upgrades, smart classroom technology, teacher training programs, and transportation services like school buses. Through its support, Varthana aims to empower private schools to better serve students from economically disadvantaged backgrounds, thereby contributing to the overall improvement of educational facilities in the region.

Lendable, Inc. is a financial services company based in San Francisco, California, founded in 2014. It specializes in providing debt financing to fintech companies operating in emerging and frontier markets. The firm bridges the gap between institutional debt investors and high-growth alternative lenders, particularly in Africa, enabling these lenders to expand their loan portfolios and access necessary financing. Lendable also offers a comprehensive database that includes market repayment, demographic, and contextual data, which aids in model improvement and validation. Additionally, the company provides a risk engine that assesses individual credit risk as well as portfolio and group-level risk, thereby enhancing the decision-making capabilities of lenders and originators of debt in developing markets.

Cignifi Inc. is a company that specializes in credit and marketing analytics, primarily serving mobile network operators. Established in 2010 and headquartered in Boston, Massachusetts, with an additional office in Sao Paulo, Brazil, Cignifi has created a platform that generates credit risk and marketing scores using mobile phone data. This innovative approach addresses the needs of approximately 2.7 billion individuals globally who possess mobile phones but lack access to traditional financial services. The company's offerings extend beyond analytics, encompassing products such as airtime credit, handset financing, and online lending, aimed at empowering underserved consumers and enhancing their access to essential financial products. Cignifi's platform leverages proprietary behavioral modeling and analytics tools to facilitate the onboarding of new customers for banks, insurers, and retailers while effectively managing fraud and credit risk.

Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.

Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.

The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.

Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.

Cignifi Inc. is a company that specializes in credit and marketing analytics, primarily serving mobile network operators. Established in 2010 and headquartered in Boston, Massachusetts, with an additional office in Sao Paulo, Brazil, Cignifi has created a platform that generates credit risk and marketing scores using mobile phone data. This innovative approach addresses the needs of approximately 2.7 billion individuals globally who possess mobile phones but lack access to traditional financial services. The company's offerings extend beyond analytics, encompassing products such as airtime credit, handset financing, and online lending, aimed at empowering underserved consumers and enhancing their access to essential financial products. Cignifi's platform leverages proprietary behavioral modeling and analytics tools to facilitate the onboarding of new customers for banks, insurers, and retailers while effectively managing fraud and credit risk.

The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.

Cignifi Inc. is a company that specializes in credit and marketing analytics, primarily serving mobile network operators. Established in 2010 and headquartered in Boston, Massachusetts, with an additional office in Sao Paulo, Brazil, Cignifi has created a platform that generates credit risk and marketing scores using mobile phone data. This innovative approach addresses the needs of approximately 2.7 billion individuals globally who possess mobile phones but lack access to traditional financial services. The company's offerings extend beyond analytics, encompassing products such as airtime credit, handset financing, and online lending, aimed at empowering underserved consumers and enhancing their access to essential financial products. Cignifi's platform leverages proprietary behavioral modeling and analytics tools to facilitate the onboarding of new customers for banks, insurers, and retailers while effectively managing fraud and credit risk.

The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.